empty
 
 

2018.09.0604:55:00UTC+00German Construction Activity Expands In August

Germany's construction activity returned to growth midway through the third quarter after having stalled in July, survey results from IHS Markit showed Thursday.

The headline construction Purchasing Managers' Index ticked up to 51.5 in August from 50.0 'no-change' mark in July.

The top-performing construction sub-sector in August was civil engineering. The rates of growth of both infrastructure and commercial activity were only moderate.

New orders decreased amid reports of already-full utilization of resources. Pressure on capacity led to constructors taking on additional staff during August.

Adding to the cost pressures faced by constructors, August saw a steep and accelerated increase in average prices paid for building materials and products.

The rate of inflation was the quickest since October last year, with a number of surveyed businesses linking the rise in input prices to the effects of new road toll charges.

Constructors' expectations towards activity over the next 12 months softened in August. The degree of optimism was at the lowest since November 2016.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback